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Euraudforecast

EUR/AUD - 350 Pips+ Short Opportunity - ReversalEUR/AUD has been in a consolidation area for about a week and seems to have taken the impact from the last uptrend. As we can tell from our indicators, this pair does not seem to have the steam left to go further high. Thus, we can open a short position for the reversal of this pair back to 1.54. Our Stop Loss needs to be higher than the last highs. Recommended at 1.59. If the pair fails to break down and begins to show some sign of strenght, which I don't expect to, then open a long position. Until now, from the looks of it, this pair seems very week and the resistence has acted well. The impact has been taken, and a reversal is imminent. Happy trading!
Short
by MoolahMaker
2
EUR/AUD chart: 3 crucial factors to pay attention toCommentary provided today is aimed at understanding the 3 important things to keep in mind when trading and/or investing in the EURAUD. The Daily timeframe chart below captures price action from ~ August 21, 2015 till present date. Chart patterns, (which includes trend lines) are utilized in this analysis to point out 3 key areas to pay attention to that are numbered on the EURAUD chart. These are discussed below: (1) The bearish trendline in the EURUAUD that is established by price rejecting approximately 1.65885 and 1.61835 on August 25, 2018 and March 28, 2018 respectively. A close above ~1.62486 would imply resumption of the uptrend in the EURAUD. (2) A rising diagonal pattern (wedge) as drawn here captures price between June 5, 2017 and March 22, 2018. This indicates exhaustion and a break outside of the wedge eventually resulted price moving back to support (i.e. number 3) which is discussed next. (3) Price between 1.53175 and 1.51352 should be watched closely as it indicates support for the EURAUD. Retracement in price action after exiting the wedge found support in this area on January 10, 2018 with another successful test of support on June 6, 2018. Use of at least 2 pivots to connect or draw a valid trendline therefore implies that the top of the support area (1.53175) is indeed valid and any EURAUD investing and/or trading must be aware of price remaining range bound to uptrend for now.
by Coin_Analyst
Easy setup for a beginner signaljust for fun and easy setup,for beginner if they want to enter by themself in this trade as you see is in perfect range so what you ave to do is to wait a price fo out for this range (rectangle) and to wait a bit a confirmation and then enter short or long and manage your ratio or doing you first scalp alone. Quiet market so i see that perfect range i wann post if for all beginner and also for all other as me is a nice range to trade when we will get a signal in intraday or scalping
by corsicasia
Long Intraday 1.4983 for play the rebound (50pips)AUD was supported last week by upbeat china Import number and the price of iron ore.a For this day we will wait the China CPI also who can give some other direction to AUD. Also Euraud ia a bit in oversold then is a other reason than he can rebound too if he have to go more down later For now Monday i think a rebound will appear has he drop too much last 2 day a fibo retracement is largely possible. In other side i think market can open with a mid tone risk off who will not help AUD before tha chinese CPI at the Central banker meeting ECB talking mid hawkish so the euro should have a little bit more power than AUD the first 6h of trading before the Chine CPI sp i think this rebound will happens fast if not .the other plan is,can up little bit like 15-20 pips for go out of the oversold rsi and after going down to touch the Up T-line for july 2017 Entry 1.4983 (my friday entry,hope u can catch it arund this price or not play this trade,only i you seen that he got a power bounce so may can go more up than my target° Target 1.5033 50 pips total in 2 separte position like i done all time. STop loss should be under the UP T-line or 1.4950 but as its a very short intraday trade,we cannot do the Money M and Risk Reward so just monitoring your position and if he up 15-20 pips close the first lot and lake the other lot at your entry stop for secure the gains and to be safe without Stress and go on on other trade idea if you seen he start to lost 30 -35 pips more so go out (remlnf that euraud is not 1.0 per lot sale as eu;gu,au..is around 0.78 so 30-35 pips is only 25-30 pips max
Long
by corsicasia